Date: May 15, 2024
Event: Supported Webinar
In the second webinar of the “Staying in Dialogue with China” webinar series, Co-founder and Managing Director of CMG, Markus Hermann, will talk to Prof. LU Feng, Emeritus Professor of Economics at the National School of Development (NSD) at Peking University, about China’s "Market-Oriented Reforms".
China kicked off its institutional reform from a centrally planned to a more market-oriented economy in the early 1980s under Deng Xiaoping, but – unlike the “shock therapy”-type liberalization of the Soviet Union – Chinese policymakers have been careful in introducing market forces in a gradual and dual-track fashion, essentially letting the market grow out of the plan. So, after 45 years, the state still plays a prominent role in China’s economy, even given the official policy goal that the market shall play a “decisive role” in allocating resources.
What are the roles of the “visible” and “invisible” hands in the market based on CCP ideology? How are factors of production (labor, capital, land, data) liberalized today? What are policy factors preventing more rapid liberalization in general? How to balance market forces and government interventions in view of China’s innovation and security needs? What is the link of ‘market-oriented reforms’ and ‘industrial upgrading’ as two structural transitions? What are policy trends regarding capital (state, private and foreign), e.g. the ‘mixed-ownership reform’? What is the reform logic for China’s financial system? How are anti-monopoly and IP protection evolving under the 14th Five-Year-Plan?
Members of DCBF can register for free - Click here to read more and sign up!
This webinar is part of the webinar series 'Staying in Dialogue with China'. The series will bring you six webinars with distinguished China-based experts, concentrated between April and October 2024.
"Staying in Dialogue with China" is organized and hosted by China Macro Group (CMG), with Caixin Global as Anchor Partner, in cooperation with the China Europe International Business School (CEIBS), the Switzerland Global Enterprise (S-GE), Chinaforum Bayern, Swissmem, the European Union Chamber of Commerce in China (EUCCC), the Swiss Chinese Chamber of Commerce (SCCC), Danish-Chinese Business Forum (DCBF), SwissCham China, China Netzwerk Baden-Württemberg (CNBW), the Austrian Chinese Business Association (ACBA), the Stein am Rhein Symposium (stars), and the Sweden-China Trade Council (SCTC).
Date: May 16, 2024
Event: Supported Webinar
How do the new regulations on cross-border data flows released by China change the compliance requirements for your business?
The implications of the Chinese restrictions on cross-border data transfers are a major cause for concern for foreign companies operating in China. DCBF recently conducted a webinar about the significant implications for businesses. However, given its current relevance and to ensure inclusivity for those who may have missed it, we cordially extend an invitation to you for this upcoming webinar hosted by the EU SME Centre and European Union Chamber of Commerce in China.
About the webinar:
The Cyberspace Administration of China (CAC) has recently introduced the “Regulations on Promoting and Regulating Cross-Border Data Flows”, which came into effect on 22 March 2024, replacing previous regulations from 2022. These new regulations bring about significant changes, such as relaxed timelines, reduced documentation requirements, and exemptions for data transfer, especially concerning employee data.
Despite the perceived relaxation and clarity brought by the new regulations, it is crucial to emphasize that stringent compliance requirements persist. Factors like cybersecurity, data security, and the Personal Information Protection Law (PIPL) are still strictly enforced, necessitating compliance efforts like data mapping, legal documentation, and privacy policies.
Join this workshop on May 16th, in Beijing and online, where industry experts will further explain the changes brought by the new regulations and offer practical guidance on the steps businesses should take to adhere to the new regulations.